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MultiPlan (MPLN) just unveiled an announcement.
MultiPlan Corporation has been notified by the NYSE that its stock price has fallen below the $1.00 compliance threshold, risking its listing status. The company has six months to rectify this by ensuring its stock closes at or above $1.00. In response, MultiPlan is exploring options, including a potential reverse stock split, to meet the NYSE’s requirements and avoid delisting. They have also committed to a timely response to the NYSE regarding their plan to address the price deficiency.
Learn more about MPLN stock on TipRanks’ Stock Analysis page.